Caledus technology spreads to Middle East
Posted: 27 October 2008
Leading Middle East companies Shoaibi Group of Saudi Arabia and Al Mazroui Trading and General Services of Abu Dhabi have agreed with Caledus, the Aberdeen headquartered well construction technology oil and gas service sector business, to deliver innovative solutions to the region’s drilling industry.
The agreements mark the entry of Caledus into the Middle East region, focusing on the United Arab Emirates, Oman, Qatar and Saudi Arabia in particular. It also coincides with Caledus establishing an office and manufacturing capability in Dubai.
"Caledus has already established itself in many of the key strategic locations in the oil and gas industry and we see the Middle East as a significant contributor to our growth in the years ahead now that the foundations of our business are solid," said Paul Howlett, CEO and co-founder of Caledus.
"Shoaibi Group and Al Mazroui Trading and General Services, with their strong technological portfolios, have identified the enormous potential for the deployment of our technologies in the region. Their support will greatly enhance our reputation in the Middle East and help ensure the industry in this region benefits from the specific expertise we can bring."
Through the relationships, Shoaibi Group and Al Mazroui Trading and General Services will work with Caledus to spearhead the Middle East sales and service of Caledus’s SlimWELL technology and TD SOLUTIONS business stream.
SlimWELL slims down the well profile while maintaining well integrity and intervention ability. It has the potential to reduce well construction costs by up to 50 per cent, enhances safety and reduces environmental impact. SlimWELL technology can be used for partial or full well construction in oil and gas wells both onshore and offshore in new and mature fields.
TD SOLUTIONS is a range of individual down hole products and services to reduce non productive time (NPT) in well construction and ensure tubulars reach total planned depth. The range is specifically focused on challenging wellbore conditions, high angle, extended reach drilling and horizontal wells where torque and drag, friction and casing wear reduction are key requirements.
"Our strong record in identifying and promoting cutting edge technologies, and our expertise in the oil and gas drilling field, led us to Caledus. We immediately identified the potential of the Caledus range of products and strongly believe in the effective drilling solutions Caledus has to deliver to the Middle East drilling sector," said Khalid Al Shoaibi, Director of Shoaibi Group.
"We are delighted to have established a relationship which we believe will be beneficial for Shoaibi Group, Caledus and the industry as a whole."
Ali Moubadder, Business Development Manager, Al Mazroui Trading and General Services, said: "The vast majority of ‘easy plays’ in the Middle East have gone, drilling is becoming much more complex and standard equipment which has proved successful in the past is often unsuitable to the conditions here in Abu Dhabi. In these circumstances, we believe the Caledus technologies can answer some of the questions posed by today’s Middle East drilling sector challenges."
Caledus will herald its entry into the market by exhibiting at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) which runs from November 3-6 this year (stand H 10/11).
The creation of the Middle East operation by Caledus is part of the company’s long-term strategic international growth. Caledus, which is enjoying significant global expansion from its existing bases in Aberdeen, Perth Australia, Calgary and Houston, covering the Americas, Asia Pacific and the North Sea, has developed an operation, manufacturing, distribution, service and repair base and sales centre for the Middle East in Jebel Ali Free Zone, Dubai.
In line with its business expansion and rapid internationalisation Caledus, which already employs more than 45 staff from just four in 2004, anticipates an increase in staff in 2009. The company has experienced double digit growth year on year for the last three years. This is expected to continue through 2009 as Caledus continues to introduce new tools to its TD SOLUTIONS portfolio and embarks on the enhanced global commercialisation of SlimWELL.
Heading the Dubai office will be John Hanton who will move from his current position as Europe Africa Region Manager to Middle East Region Manager. Caledus has also appointed Carl Hills as global SlimWELL Commercial Manager. Carl, who joins Caledus from a strong operator background, will focus on the Middle East as part of his international remit.